- Gideon Gimlan wrote:
- "Invention" is supply-side centric; and
- "Innovation" is consumption-side centric.
- Ken Jacobsen wrote: "Innovation is the packaging of invention"
- Siddharth Shah wrote: "When does an invention become an innovation:
1. At concept stage (for sure not)
2. Design Phase
3. prototyping/ development Stage
4. Trial phase
5. Market introduction stage
6. Acceptability stage??"
Invention then Innovation then Diffusion
The idea: science base → basic research → applied research → invention →
prototype → development → commercialization → diffusion → technical
progress → economic growth
(Sometimes the entire process in red is referred to as innovation)
My comment: failed innovation can stop at any step, and as a matter of fact there are often desisions to be taken when going from one step to another.
Some Other "Innovation Quotes"



